Last update: 20-Apr-2014 7:04 am
Sunday, April 20, 2014
Trinidad & Tobago Guardian Online
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Bharath: Investors can’t get enough of T&T
Trade Minister Vasant Bharath says investors cannot get enough of T&T. He told guests at a Christmas dinner hosted by Debideen Manick, the Deputy Chaguanas Mayor at Cacandee Road, that during his recent visit to Indonesia he was part of a delegation that negiogated the historic WTO agreement for trade between lesser developed countries and developed nations.
“The second part of that visit was to the United Kingdom where the government of T&T was looking to float a historic bond of US$500 million and investor confidence in the UK and Europe was so great that the bond was ten times oversubscribed,” Bharath said, adding that investors are excited about T&T. “At the end of the day we could have sold as 20 times much bonds as we did,” he said.
The minister said these recent successes were the result of the work Government is doing to remove the bureaucracy in doing business in T&T. He said in the last 15 months T&T has moved from 88th place in the world to 66th for ease of doing business. “That gives you an indication of the work we have been doing,” he said.
Manick announced plans to boost the fishing industry in Felicity with an upgraded facility which would allow fishermen to do business easier and faster. He said there are also plans to upgrade certain parts of the community to attract local tourists and create employment.
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